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Dec 29, 2012
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keeping tax cuts for those making $250,000 a year or less. extending unemployment benefits and it would delay dramatic spending cuts until later next year. the top senate republican recognizes this is a critical time. >> we are engaged in discussions the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to o his conference and so we will be working hard to try to see he if we can get there in the next 24 hours. >> among the questions to be answered, what level do you set extending the bush tax cuts? $250,000 income? $500,000 or $750,000. that will all get hammered out this sundby, by this sunday when house lawmakers are set to return. failure or a bad deal could have major economic impact if the markets react poorly. greta? >> greta: mike, thank you. and check your watches because we are only about 73 hours and 55 minutes away from the big event. that is how much time we have before the president, t
keeping tax cuts for those making $250,000 a year or less. extending unemployment benefits and it would delay dramatic spending cuts until later next year. the top senate republican recognizes this is a critical time. >> we are engaged in discussions the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to o his conference and so we will be...
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Dec 28, 2012
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kimberly: coming up, obama tax cut. hillary clinton is coming back to work after her concussion. will she finally face the music on the benghazi attack? the head of the epa is stepping down after shady behavior sun covered. that's next on "the five." ♪ ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or
kimberly: coming up, obama tax cut. hillary clinton is coming back to work after her concussion. will she finally face the music on the benghazi attack? the head of the epa is stepping down after shady behavior sun covered. that's next on "the five." ♪ ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers a superior level of protection, and because...
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Dec 28, 2012
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whether it is obama's tax increase, whether we get obama's tax increase tomorrow or get it a month from now the net result is still the same. we're going to have a less competitive economy because of what is coming out of washington. adam: chime in, rick said, nah why do you say that? >> you will get a tax increase. i think number will be closer to 500,000 before we're done. certainly closer than 250,000. this is, i don't know, for years i've had to listen to this, it is going to hurt our economy if we raise taxes on the top 2%. there are many things happening that can hurt our economy. the fact we're having this conversation two or three days before the end of the year is hurtings our economy. adam: but we've seen that. >> raising taxes isn't going to be it. adam: let me bring dan back in here. dan, i want to ask you, raising taxes only raises $80 billion at best in a budget almost a trillion dollars over budget. so what do you to fix that problem? >> all we have to do to balance the budget in 10 years limit the growth of government spending so that the budget climbs by an average 2.5%
whether it is obama's tax increase, whether we get obama's tax increase tomorrow or get it a month from now the net result is still the same. we're going to have a less competitive economy because of what is coming out of washington. adam: chime in, rick said, nah why do you say that? >> you will get a tax increase. i think number will be closer to 500,000 before we're done. certainly closer than 250,000. this is, i don't know, for years i've had to listen to this, it is going to hurt our...
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Dec 26, 2012
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obama got to go on vacation in hawaii. >> eric: taxes revert to the bush tax cut expire and president obama says republicans look at this. tax cuts for everyone making under 250. can republicans say no to tax cut in 2013? >> andrea: it will be tough. not tougher than the p.r. battle they are fighting now. i think he wants that scenario, eric. i think obama thinks going off the cliff is a win for him so he can pass the obama tax cut and say look, i'm bringing in revenue. i lowered the deficit. pass his tax cut. a win and he can blame the g.o.p. i would argue i don't think the g.o.p. had the ball on this fight. i don't think they gave it up. i don't think they had it. it's very tough for them to win against the white house like this. and a white house press corps that is not going to report anything negative against the president. >> eric: the ball is a debt ceiling. remember, all the negotiations, tell you, i'll get to greg, they have to go through the house. money negotiations go through the house. if the house says no on raising debt ceiling they can create havoc. go ahead. >> greg:
obama got to go on vacation in hawaii. >> eric: taxes revert to the bush tax cut expire and president obama says republicans look at this. tax cuts for everyone making under 250. can republicans say no to tax cut in 2013? >> andrea: it will be tough. not tougher than the p.r. battle they are fighting now. i think he wants that scenario, eric. i think obama thinks going off the cliff is a win for him so he can pass the obama tax cut and say look, i'm bringing in revenue. i lowered...
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Dec 27, 2012
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writing into their hope barack obama gets all the taxes he wants. i'll be the first to say i toldd you so when the consequence happens.n t people learn the hard way.n obama never negotiate, he just demands something of complaints. when he doesn't get what he wants. he is far more mature than that, don't you think? we will keep thinking about that. thank you for your comments. we love hearing from you. that is it for us, thank you for being with us, we will see you tomorrow night. >> a massive winter storm wreaking havoc bringinocg with t blinding snow and devastating tornadoes, at least six people are dead, over 1000 flights canceled nationwide stranding holiday travelers and now worries things could get a lot worse.ling welcome, everybody, i am eric bolling in for neil cavuto, we're tracking a deadly winter storm making its way towards east coast. across the south and southwest at least 34 twisters leveling homes in mississippi more than 25 people injured, at least 70g. homes damaged in that number expected to rise. the storm knocking out power to
writing into their hope barack obama gets all the taxes he wants. i'll be the first to say i toldd you so when the consequence happens.n t people learn the hard way.n obama never negotiate, he just demands something of complaints. when he doesn't get what he wants. he is far more mature than that, don't you think? we will keep thinking about that. thank you for your comments. we love hearing from you. that is it for us, thank you for being with us, we will see you tomorrow night. >> a...
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Dec 26, 2012
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increase thanks to obama care, another 4.6 tax increase if nothing happens and probably even if something does happen, and on top of that you have state tax increases as well. you add all of that up, if you're at the higher end you'll be cutting back some because somebody's got to give. >> you're saying the luxury retailers are the ones that we need to watch, those are the stocks that might take the biggest hit in this whole thing? >> again, it's a company-to-company thing. if you have a big business servicing tourists and tourists are doing well from asia and the arab world, maybe you'll be okay. but if you have a generalized -- yeah, i think the high end is going to be pressed and as you saw this holiday season, it appears that those people offering value did somewhat better. those people are selling consumable products did better than those selling durable products in general. >> what are your best picks? you're managing this fund. where would you put your money? the phone thing is, you know, i mention all of these stocks that are down whether it's macy's, the gap, walmart, abercrombie
increase thanks to obama care, another 4.6 tax increase if nothing happens and probably even if something does happen, and on top of that you have state tax increases as well. you add all of that up, if you're at the higher end you'll be cutting back some because somebody's got to give. >> you're saying the luxury retailers are the ones that we need to watch, those are the stocks that might take the biggest hit in this whole thing? >> again, it's a company-to-company thing. if you...
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Dec 29, 2012
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look, we wouldn't be in this circumstance, you know, president obama actually extended these tax cuts with the intent that washington would take a more reasonable look at how we can phase in fiscal policy in a way that wouldn't do damage to the overall economy. and i think that's something we really have to be concerned about. you said earlier, you know, the average worker making 3,500 -- would see their taxes go up 3,500 should we go over the fiscal cliff. that's a significant impact to individual citizens. and so we should be very concerned about that and what that might mean to the broader economy, which some of us, i think, could put us in a mild recession next year. >> what is it with washington? what is it with our elected leaders they can't come up with a deal at this point? they have to wait to make it a cliff hanger. we saw this with the debt ceiling debacle last summer and now again. do they think this is a popular move? a good move? what's wrong with them? >> alison, you know, look, the real travesty of all of this is uncertainty. i know a number of your business guests wil
look, we wouldn't be in this circumstance, you know, president obama actually extended these tax cuts with the intent that washington would take a more reasonable look at how we can phase in fiscal policy in a way that wouldn't do damage to the overall economy. and i think that's something we really have to be concerned about. you said earlier, you know, the average worker making 3,500 -- would see their taxes go up 3,500 should we go over the fiscal cliff. that's a significant impact to...
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Dec 30, 2012
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obama is expected to call on a scale back plan that would only extend middle class tax breaks and unemployment benefits if the negotiations fail. republican senator mitch mcconnell is hoping there will be a plan to present today. >>> some sad news from hollywood. harry carey jr. has died. best known for his work in westerns appeared in almost 100 films including ten with john wane. but his career wasn't limited to the silver vene. he served in the u.s. navy during world war ii. he was 91. >>> caught on tape, the terrifying moments when a russian plane hurdled past a runway and sent debris crashing on to a highway in moscow. another driver capturing the scene on his car's dashboard camera. four people onboard the russian red wings flight were killed and four others were injured. the cause of the crash is under investigation. >>> and it's not just the fiscal cliff that could impact your wallet. we'll tell you why something called the dairy cliff could make your grocery bill soar if congress doesn't do something soon. [ rosa ] i'm rosa and i quit smoking with chantix. when the doctor told me that
obama is expected to call on a scale back plan that would only extend middle class tax breaks and unemployment benefits if the negotiations fail. republican senator mitch mcconnell is hoping there will be a plan to present today. >>> some sad news from hollywood. harry carey jr. has died. best known for his work in westerns appeared in almost 100 films including ten with john wane. but his career wasn't limited to the silver vene. he served in the u.s. navy during world war ii. he was...
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Dec 28, 2012
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on taxes president obama's offer compromise, agreeing to $400,000 as the new cutoff point. speaker boehner tried to sell a million as the dividing line but couldn't get it past his own party. president obama is therefore offering his original position, $250,000 and below. on spending cuts president obama proposed $1.2 trillion, about equal to what he was asking in revenue. boehner passed draconian spending cuts in the house with no revenue component. on extended unemployment insurance, another check for the president. nada for boehner. on the debt limit president obama proposed a structure similar to what republican leader mitch mcconnell proposed last year. boehner wants to hold the nation's full faith and credit hostage once again to attain even more spending cuts. president obama even threw in an added incentive for republicans, by agreeing to a change in the way social security increases are calculated. no such olive branch was ever extended by republicans. get your cell phones out. i want to know what you think. tonight's question, is john boehner's move to reconvene t
on taxes president obama's offer compromise, agreeing to $400,000 as the new cutoff point. speaker boehner tried to sell a million as the dividing line but couldn't get it past his own party. president obama is therefore offering his original position, $250,000 and below. on spending cuts president obama proposed $1.2 trillion, about equal to what he was asking in revenue. boehner passed draconian spending cuts in the house with no revenue component. on extended unemployment insurance, another...
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Dec 31, 2012
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. >> it shouldn't be obamacare but obama healthcare tax. >> too broad of federal power. >> you left out of that rant "just like greece." >> the first time for attorney general to be held in contempt. >> this is issa with a political move. >> this will be a witch hunt. if you get more it's an intervention. >> the water just now breaching over the sand dunes. >> hurricane sandy, superstorm that meteorologists call a once in a lifetime occurrence. >> the whole coast has been devastated. >> the number of ambulances for people who showed up to move the children is remarkable. >> the loss is emotional and memories. loss comes in many forms. ♪ ♪ notice ♪ ♪ ♪ ♪ >> greg: andrew breitbart died this morning at 43. publisher, activist and commentator. but that says nothing about this force of nature. he was a big kid who treated his opponents like humans. never about people. it was always about principles. >> the u.s. has just evacuated all personnel from benghazi to tripoli. >> this was a concerted effort, well organized. heavily armed. >> the american president and secretary of state
. >> it shouldn't be obamacare but obama healthcare tax. >> too broad of federal power. >> you left out of that rant "just like greece." >> the first time for attorney general to be held in contempt. >> this is issa with a political move. >> this will be a witch hunt. if you get more it's an intervention. >> the water just now breaching over the sand dunes. >> hurricane sandy, superstorm that meteorologists call a once in a lifetime...
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Dec 28, 2012
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but the danger for them is that these stopped being the bush tax cuts and become the obama tax cuts, right? i think that's what conservatives and republicans should be most worried about from a long-term political perspective right now. i mean, in a sense, they have sort of -- they have won a particular policy battle in the sense that most of the bush tax cuts, both parties believe should be extended. right? we're talking about 97%, 98% of the bush tax cuts. you could say that's a policy win for republicans, but if those tax cuts ended up getting branded as obama's tax cuts that he passed after we went over the fiscal cliff, it then loses whatever upside there was for republicans, except, and we have to mention this, for republicans vulnerable to primary challenges, there's obviously a lot of anxiety about being, you know, the first republican in 20 years to vote for a tax increase. i think that's the big fear, that it's been so long. republicans haven't cast this kind of vote. you don't want to be the first one to do it. >> yeah, and charles, we're told the democrats may be waiting
but the danger for them is that these stopped being the bush tax cuts and become the obama tax cuts, right? i think that's what conservatives and republicans should be most worried about from a long-term political perspective right now. i mean, in a sense, they have sort of -- they have won a particular policy battle in the sense that most of the bush tax cuts, both parties believe should be extended. right? we're talking about 97%, 98% of the bush tax cuts. you could say that's a policy win...
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Dec 30, 2012
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because nobody knows what will happen, obama care taxes are kicking in next year, unavoidable. a whole host of other taxes are i can cking in that are unavoidable. to plan for even something worse is difficult right now when you really don't know what other taxes are coming. that's the real problem. we don't know what else is in store. the other thing is, one of the other problems with the president is his economic literacy has never been very high. i think that scares -- >> what do you mean by that, his economic literacy? i mean i think i know, but i just want to -- >> lits -- listen, the president is a smart man. he wept to some good colleges, but when it comes to the economy, listen. much makes no sense. i'm talking democrat, republican, he says stuff -- this is just based on what he says, what he says affects prices. what he says about the need to raise taxes on the upper income like that will be good for the economy. that will not be good for the economy. if you are making 250 and you are a small business you are employing people and paying taxes and workers compensation i
because nobody knows what will happen, obama care taxes are kicking in next year, unavoidable. a whole host of other taxes are i can cking in that are unavoidable. to plan for even something worse is difficult right now when you really don't know what other taxes are coming. that's the real problem. we don't know what else is in store. the other thing is, one of the other problems with the president is his economic literacy has never been very high. i think that scares -- >> what do you...
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Dec 29, 2012
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hike january 1, cuts, gives back $3 trillion of it and the bush tax cuts then become the obama tax cuts and he seems like the guy that is the tax cutter in all of this and this is a strategy, a plan from the very beginning. >> i don't think that is going to happen. i think the key is whether boehner uses the hastert bill which was to never put a bill forward that the majority in the party is not going to vote for. if he will put the hastert rule aside and give republicans a path to vote no that allows the president and the democrats to add their votes where the minority of republicans to pass this thing and i think bill cunningham is right about how this may well play out. i don't think the president want -- the president does not want to go over the cliff. the last thing he needs right now is to -- is to risk going into a second recession. the first one he can blame on push and democrats and i'm there with him. the second one will be his and on his watch. >> sean: there has been a bill in the united states senate that extends the bush tax cuts for everybody and he could at least -- the
hike january 1, cuts, gives back $3 trillion of it and the bush tax cuts then become the obama tax cuts and he seems like the guy that is the tax cutter in all of this and this is a strategy, a plan from the very beginning. >> i don't think that is going to happen. i think the key is whether boehner uses the hastert bill which was to never put a bill forward that the majority in the party is not going to vote for. if he will put the hastert rule aside and give republicans a path to vote...
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Dec 31, 2012
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remember all of this, the tax piece, the sequestration and don't forget obama care taxes, all of those were things signed by the president. clearly he wanted this scenario, or he wouldn't have signed those pieces of legislation. >> i would like to push a bit more on bill's previous question about tax hikes. because if i'm not wrong and do correct me if i'm wrong, you have said before that you would not vote for the elimination of a tax cut for those making over 45 450k. that is what's on the table now. would you change your mind on that? >> i'm not going to fore close any possibility until i see what is really offered. but let's be honest. from the face of it, it looks like raises taxes in order to spend more money and get us into a deeper hole than we've been in already. this president is going to be sworn in for his second term in a couple of weeks. you guys are going to cover that. the national debt at that point will be over $16 trillion. when the next president is sworn in, that national debt will be over $22 trillion. there's your problem, ladies and gentlemen. that is our proble
remember all of this, the tax piece, the sequestration and don't forget obama care taxes, all of those were things signed by the president. clearly he wanted this scenario, or he wouldn't have signed those pieces of legislation. >> i would like to push a bit more on bill's previous question about tax hikes. because if i'm not wrong and do correct me if i'm wrong, you have said before that you would not vote for the elimination of a tax cut for those making over 45 450k. that is what's on...
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Dec 29, 2012
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that's what obama is doing now. he's not ceding power. he's letting them haggle over the threshold and he's ending this argument and this debate. >> all right, gentlemen. good discussion. great to have you both on. guys, stick around -- oh, they're coming back. that's right. they're part of the fiscal cliff power panel. >>> let's turn to the market sell-off. the dow going down 158 pointis and want you to see the after-market numbers and the futures, something called the futures continue to trade and they suggest that if the dow jones industrial average were to open right now it would be down 315 points. the nasdaq would be down a whopping 51 and the s&p 500 down 39. here now is larry glazer from the mayflower advisers and director at tjm institutional services. guys, when we open on monday, is it going to look that bad? jim? >> it depends on what happens. this is the way uncertainty works, but, you know, i thought for a month that one of two things was possible, one that we go over the cliff and the republicans have ground cover to be low
that's what obama is doing now. he's not ceding power. he's letting them haggle over the threshold and he's ending this argument and this debate. >> all right, gentlemen. good discussion. great to have you both on. guys, stick around -- oh, they're coming back. that's right. they're part of the fiscal cliff power panel. >>> let's turn to the market sell-off. the dow going down 158 pointis and want you to see the after-market numbers and the futures, something called the futures...
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Dec 27, 2012
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in response to put up 800 million in tax revenue changing his entire mind and obama said basically i don't have to respond to this, i will just take it. >> president obama is governing as a negative way with an iron fist. he wants them to respect his perceived election mandate and friendly john boehner was acting in good faith because by allowing tax rate go up on certain segments of the population was compromising principles in hopes of something in return and the president offered nothing in return. gerri: there is a big storm, hundreds of flights have been canceled. it is very possible not everybody will be able to be there. with this disrupts the situation yet again? >> it could. one of my favorite movies is planes, trains and automobiles. why trouble are those in hawaii. it could be a problem. look, i agree with you, these are congressmen and congresswoman. if there is seriously a deal, they will find a way to get here and it will be done. gerri: there were all sorts of interesting stories, rumors about putting something on a table on sunday. some other information going to come
in response to put up 800 million in tax revenue changing his entire mind and obama said basically i don't have to respond to this, i will just take it. >> president obama is governing as a negative way with an iron fist. he wants them to respect his perceived election mandate and friendly john boehner was acting in good faith because by allowing tax rate go up on certain segments of the population was compromising principles in hopes of something in return and the president offered...
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Dec 28, 2012
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and don't forget, these are the bush-obama tax cuts. all the president needs to do is actually propose some spending cuts. i think with geithner's admission that the debt ceiling will be burst through on december 31st clearly shows it's a problem. it's time to cut spending, not for now but future generations that have to pay this off. >> it seems to me, congressman gohmert, the bush tax cuts have been law since 2001-2003. it seems if the president doesn't want to go over the fiscal cliff, you guys pass the bill, harry reid could do something he hasn't done in over three years, pass it in the senate, give it to the president, and nobody's taxes are going to go up, crisis averred and then they can spend team after the new year negotiating tax reform, entitlement reform, living within our means. why don't they just do that? >> well, they could, but they want to demonize the house. they want to pontiff indicate without actually doing anything in the way of legislating. sean, if you look back at the history, the deficit ceiling bill back a y
and don't forget, these are the bush-obama tax cuts. all the president needs to do is actually propose some spending cuts. i think with geithner's admission that the debt ceiling will be burst through on december 31st clearly shows it's a problem. it's time to cut spending, not for now but future generations that have to pay this off. >> it seems to me, congressman gohmert, the bush tax cuts have been law since 2001-2003. it seems if the president doesn't want to go over the fiscal cliff,...
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Dec 26, 2012
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the obama administration is pushing for new taxpayer support for wind projects. with our budget deficit soaring an intense debate is heating up over whether the government should be throwing your tax dollars at industry the first place. i asked robert bryce, senior fellow at the manhattan institute about this issue. let's start with the tax credit. >> sure. gerri: this is industry, let's face it they don't have a whole lot to show for themselves yet we subsidize them to the tune of $1.2 billion. why? >> remember the industry said we're all about reducing carbon dioxide. that was the whole argument. now it shifted we create jobs argument. if congress does not extend production tax credit we'll lose 37,000 jobs. they might get an extension but there is big push among utilities, a lot of groups to end the tax credit and it very well could be ended. gerri: it doesn't work that well. 84% fail to produce electricity when the demand is great. as a solution to our energy problems how would you rate it? >> it is not a solution and it is wholly dependent on electric utilit
the obama administration is pushing for new taxpayer support for wind projects. with our budget deficit soaring an intense debate is heating up over whether the government should be throwing your tax dollars at industry the first place. i asked robert bryce, senior fellow at the manhattan institute about this issue. let's start with the tax credit. >> sure. gerri: this is industry, let's face it they don't have a whole lot to show for themselves yet we subsidize them to the tune of $1.2...
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Dec 31, 2012
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dividends taxed at 23 percent with obama's health care rather than 43 percent, that is a sigh of relief. especially older people with fix the investment living east dividends. the big question to wall street is the debt ceiling. they are negotiating three month pause or one year pause. can you imagine how much deficit spending we can get in a year without a cap? >> i am thinking the stock market is because we have hours before the i ball drops, the calm before the storm and watch out wednesday. what do you think in. >> well, watch out wednesday, that is the point. if you look at market the last two weeks, people have been selling ahead of the deal so it is a sell the news type of issue. charles hit the point on the head. this is not a tax issue whether it is $450,000 or $500,000 or $1 million. it is the spending issue. the democrats want to raise the debt ceiling and do not want spending cuts cuts and no sequestration. >> what will happen on wednesday? >> again, i want to caution the stock market will not be the best barometer. >> why? i thought the message was always in the markets esp
dividends taxed at 23 percent with obama's health care rather than 43 percent, that is a sigh of relief. especially older people with fix the investment living east dividends. the big question to wall street is the debt ceiling. they are negotiating three month pause or one year pause. can you imagine how much deficit spending we can get in a year without a cap? >> i am thinking the stock market is because we have hours before the i ball drops, the calm before the storm and watch out...
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there's brand-new 3.9% medicare tax on high wage earners and a tax for wealthy donations. primarily between house republicans and the obama white house in the senate. but a survey done by northern trust of high net worth individuals' priorities found 44% saying their top priority for the country is economic growth and reducing unemployment versus 19% for reducing the federal budget deficit. another 15% said they wanted to see an end to gridlock. good luck. now, as far as their own wealth preservation strategies. that same survey found high net worth persons, those with $5 million or more in assets, obviously much more proactive in anticipating the tax consequences of going over the cliff than those with $1 million or less in assets. simon? >> okay, hampton, busy days. hampton pearson there in washington. straight ahead, a looming port strike that could cost the u.s. economy billions of dollars. the mayor of houston will join us live to tell us how this strike will affect her cities and cities right along the east coast. "squawk on the street" will be right back. off vietna
there's brand-new 3.9% medicare tax on high wage earners and a tax for wealthy donations. primarily between house republicans and the obama white house in the senate. but a survey done by northern trust of high net worth individuals' priorities found 44% saying their top priority for the country is economic growth and reducing unemployment versus 19% for reducing the federal budget deficit. another 15% said they wanted to see an end to gridlock. good luck. now, as far as their own wealth...
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if there was one thing that was clear about what president obama and the democrats campaigned on, was this fall back plan or the small piece of tax cuts being extended for 98% of american families and small businesses. there is a big in the senate sitting there now that the fous could vote on. the house could call a vote on it right now and 98% of america's family could see protection of their tax cuts extended. so i think that is a strong position for the democrats. the majority of american people agree that the wealthy can afford to pay people more. >> you believe president and leaders prefer going over the cliff, but republicans do have the option of locking in tax cuts for most americans right now. >> as you said, the president can increase taxes and point the coin fer at the republicans. but we need to have spending cuts. this is not an issue that is going to be resolved with taxes right away. the house has issued legislation that would extend the tax cuts and erase the military cuts. but something else that came up, secretary geithner issued a letter today warning the country th
if there was one thing that was clear about what president obama and the democrats campaigned on, was this fall back plan or the small piece of tax cuts being extended for 98% of american families and small businesses. there is a big in the senate sitting there now that the fous could vote on. the house could call a vote on it right now and 98% of america's family could see protection of their tax cuts extended. so i think that is a strong position for the democrats. the majority of american...
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Dec 29, 2012
12/12
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raising taxes on rich people is what obama talks about instead of doing his job. so it's -- there are two costs to this. one, if you take money out of savings and investment, which is what you're doing with this, it doesn't help, it reduces the incentives to save, invest, and work. and the other thing you do is you never get to reform government entitlements. >> that's not causal, though. >> it is, it is, absolutely. >> it's not. >> you live in new york. i live in d.c. >> yeah. >> washington. this is all causal. the reason he's talking about tax increases is to avoid the conversation and dealing with spending restraint. that's why obama does what he does. >> the reason i doubt that, grover, is because we've all done the math and we all absolutely agree on the math that you can't get out of the deficit hole we're in by taxing rich people, even if you tax them at 100%. everybody knows that. when republicans say we don't have a tax problem, we have a spending problem, the fact is we've got both and we can deal with that. let me ask you this. you gave your bletszing i
raising taxes on rich people is what obama talks about instead of doing his job. so it's -- there are two costs to this. one, if you take money out of savings and investment, which is what you're doing with this, it doesn't help, it reduces the incentives to save, invest, and work. and the other thing you do is you never get to reform government entitlements. >> that's not causal, though. >> it is, it is, absolutely. >> it's not. >> you live in new york. i live in d.c....
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Dec 28, 2012
12/12
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in january because of obama care. >> okay. >> taxes on capital gains. >> let me ask you this though, grover. i can imagine you wear it as a badge of honor to this the senate majority leader on the floor of the senate invoking your name in frustration because there are people on the republican side who are, you know, following your -- your lead to not raise taxes, but let's face it. you were in -- you were imposing this no higher tax in a different era, at a different time, in a different part of the economic cycle. aren't we at a point now economically where there has to be some mechanism of revenue raising to try and solve the debt crisis? yes, i know you're going to talk about spending cuts. that's important as well, but you've got to balance the budget in some way, and it's got to include some form of a tax increase, not just on million dollar earners, agreed? >> no. you have it exactly wrong. if you put tax increases on the table, you never get spending all obama's done for the last four years is clamor for higher taxes to spend more money. the only time we've ever beat him back
in january because of obama care. >> okay. >> taxes on capital gains. >> let me ask you this though, grover. i can imagine you wear it as a badge of honor to this the senate majority leader on the floor of the senate invoking your name in frustration because there are people on the republican side who are, you know, following your -- your lead to not raise taxes, but let's face it. you were in -- you were imposing this no higher tax in a different era, at a different time, in...
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it will amount toll $25.4 trillion.that's we will call at obama wins. a r the national media waiting forii that one. that is what will be. it will be a really dramaticis s scene. i want to show you exactly how anges. speaker boehner wants, oh, yeah? he isgoing to kick some ail. we are going to get to point you leally in dollars and the spending of this country.that'l let me rephrase that. total a $2.2 trillion reduction in thf total plan spending. we are looking at the republican plan. we will show you just how tough it is. the only difference is how we get there. mr. obama wants one thing and mr. boehner once anothesee and we will see a knockdown drag out fight any big dramatic of negotiation. what you and i and all americans are looking at is the prospect of a recession next year if thed president and mr. boehner can't come to agreement. as much as a 10% unemploymenttyn rate, because both as president and republican parties parties, as you can seema here, they aret playing at the margin in thecust national media is not focusing washit the reality is.
it will amount toll $25.4 trillion.that's we will call at obama wins. a r the national media waiting forii that one. that is what will be. it will be a really dramaticis s scene. i want to show you exactly how anges. speaker boehner wants, oh, yeah? he isgoing to kick some ail. we are going to get to point you leally in dollars and the spending of this country.that'l let me rephrase that. total a $2.2 trillion reduction in thf total plan spending. we are looking at the republican plan. we will...
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Dec 31, 2012
12/12
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health care tax. the only thing you left out of that wrap is just like greece. >> the first time an attorney general to be held in contempt. >> and the vote that the house republicans want is a political vote. >> they played a bad hand, right now it's going to be a witch hunt. if you get more then it becomes intervention. >> the water has just now breached over the sand dunes. >> hurricane sandy a superstorm meteorologists are calling a once in a lifetime occurrence. the whole coast is devastated. >> the number of ambulances to move these children is remarkable. >> and lost homes in many forms-- ♪ ♪ >> andrew breitbart died this morning, he was 43. he was a publisher, an activist and a commentator, but that says almost nothing about this force of nature. he was a big kid who treated his opponents like humans. it was never about people, it was always, always about principles. . >> the u.s. has just evacuated all personnel from benghazi to tripoli. >> this was something that was a concerted effort,
health care tax. the only thing you left out of that wrap is just like greece. >> the first time an attorney general to be held in contempt. >> and the vote that the house republicans want is a political vote. >> they played a bad hand, right now it's going to be a witch hunt. if you get more then it becomes intervention. >> the water has just now breached over the sand dunes. >> hurricane sandy a superstorm meteorologists are calling a once in a lifetime...
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policies, higher taxes, more debt, but you can make money. i promise! i recently got the low down on exactly what to do from spencer patton, the chief investment officer at steel vine invements. he started off giving his recipe on how toandleax changes for capital gains and dividends. >> capital gains taxes are going higher. it's just a matter of how much higher they are going. the smart thi to do, whether you own a business or own stocks is to sell. if you hold from december 31st to january 1st, you're taking somewhere between a% to a 15% hit because you're going to be paying more taxes. it's rising from 15% on longerm term capital gains. first, raise capital. sell what has been winning foru. you. melissa: get out while the getting is good. we saw that in the target -- stock market the past two days. the second thought is buying a single family home, how come? wh >> do what warren buffet does. it's a great strategy. if you can do anything, he would bu 40,000 single family homes and use them as rentals. that makes sense here because if you ca
policies, higher taxes, more debt, but you can make money. i promise! i recently got the low down on exactly what to do from spencer patton, the chief investment officer at steel vine invements. he started off giving his recipe on how toandleax changes for capital gains and dividends. >> capital gains taxes are going higher. it's just a matter of how much higher they are going. the smart thi to do, whether you own a business or own stocks is to sell. if you hold from december 31st to...
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i feel very, very good. >> reporter: president obama called the senate vote the right thing to do for the country and he encouraged the house to pass it right away. >> all right, abc's tahman bradley reporting from washington. thanks. have a very happy new year. we know you're going to be today, tahman. >> same to you. >>> let's talk about hillary clinton's health crisis. it has the secretary of state in the hospital this holiday. >> there are new details from doctors about the blood clot that was found near clinton's brain. abc's wendy gillette has the latest from new york. >> reporter: hillary clinton's doctors found it between the brain and the skull. >> it could cause a stroke. her doctors say she has no sign of that. >> reporter: they say it did not result in a stroke or neurological damage. she's being treated with blood thinners to help dissolve the clot and the secretary of state is expected to make a full recovery. the doctors add she is in good spirits making excellent progress. clinton's medical problems began after she finished a grueling trip to europe. she developed a st
i feel very, very good. >> reporter: president obama called the senate vote the right thing to do for the country and he encouraged the house to pass it right away. >> all right, abc's tahman bradley reporting from washington. thanks. have a very happy new year. we know you're going to be today, tahman. >> same to you. >>> let's talk about hillary clinton's health crisis. it has the secretary of state in the hospital this holiday. >> there are new details from...
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Dec 30, 2012
12/12
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president obama says 250,000, maybe i think 350,000 is the line. maybe someone else, 500,000, maybe someone else, 150. we can meet somewhere. >> that threshold is a big issue, how high do you extend the tax cuts. tom harkin says they offered keeping it 460,000 for couples. >>> we have watched the timetable kind of slide forward and backward today. a 1:00 deadline, three 3:00, then 6:30 and then 4:00. are you hearing anything about a timeline tonight? >> hearing the senate majority leader talking about tomorrow's schedule, coming back at 11:00 a.m., that seems to be punting into tomorrow and certainly things can move quickly when there's a deal but the question is, will there be a deal. >> mike emanuel, we'll bring you back as news warrants. >>> we want to go to the white house where president obama is keeping a eye on capitol hill. the president making his case and pressing lawmakers to reach a deal. when asked about the fiscal cliff in an interview today. ed henry is live from the white house. the president seemed to be aggressively pushing his me
president obama says 250,000, maybe i think 350,000 is the line. maybe someone else, 500,000, maybe someone else, 150. we can meet somewhere. >> that threshold is a big issue, how high do you extend the tax cuts. tom harkin says they offered keeping it 460,000 for couples. >>> we have watched the timetable kind of slide forward and backward today. a 1:00 deadline, three 3:00, then 6:30 and then 4:00. are you hearing anything about a timeline tonight? >> hearing the senate...
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Dec 29, 2012
12/12
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FBC
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again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part ofhe discussion. that is significant development r house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts taking the debt ceiling of the table making it much easier for the scaled-down version to be negotiated. from here senate leaders will try to secure an agreement by sunday morning. if so, democrats and republicans will try to sell its house and senate members. if they can do that the voting begins. there is some progress report this evening, though there
again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to...
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Dec 28, 2012
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obama starting the warfare about taxing the rich. reid sat on the bill. why didn't he bring it up for a vote? why didn't it get fair debate? mr. reid hasn't passed a budget and we going to believe they're serious about the fiscal problems? let's go offense the cliff. >> we have two cameras outside the white house right now. that one i believe is perched on pennsylvania avenue and we have another camera which is perched facing the side entrance. those are the suvs that likely boehner, mcconnell, pelosi and reid will come out of. let's talk about the deal. what if there's a deal, craig, for, i don't know, say 4 hr $500,000 the threshold of who gets taxes and who keeps -- everybody under that number keeps their tax cuts. everyone over pays more and there's spending cuts. is that a bad deal? >> yeah. i think it is. let me tell you why. because you can't get everything out of this deal that you want and frankly, all we're doing is kicking the can down the road. you know as well as i do this does nothing to deal with the $1 trillion plus deficits we have yearly
obama starting the warfare about taxing the rich. reid sat on the bill. why didn't he bring it up for a vote? why didn't it get fair debate? mr. reid hasn't passed a budget and we going to believe they're serious about the fiscal problems? let's go offense the cliff. >> we have two cameras outside the white house right now. that one i believe is perched on pennsylvania avenue and we have another camera which is perched facing the side entrance. those are the suvs that likely boehner,...
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Jan 1, 2013
01/13
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i think that democrats don't want to feel like president obama caved on the tax rates. he campaigned pretty strongly on the $250,000 threshold. now that is moving to $400,000, $450,000 for couples. i think that democrats are thinking we could have gone over and just a couple days republicans would have had to come back and probably would have -- democrats would have had more leverage. that said i think that vice president biden will argue that, you know, this was reasonable and you want to give certainty again to those markets and be able to look reasonable in this process. i think for republicans there are going to be a couple things. first they don't want taxes to go up on anybody and this essentially makes them look like they're voting for a tax increase although they actually would be voting for a tax cut but it is amazing the way it's been framed by both conservative groups and the white house, interestingly. i do think that there are a few things in there in the details if you think about the estate tax change, the changes to dividends and capital gains, and the f
i think that democrats don't want to feel like president obama caved on the tax rates. he campaigned pretty strongly on the $250,000 threshold. now that is moving to $400,000, $450,000 for couples. i think that democrats are thinking we could have gone over and just a couple days republicans would have had to come back and probably would have -- democrats would have had more leverage. that said i think that vice president biden will argue that, you know, this was reasonable and you want to give...
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Dec 28, 2012
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the average american household would see their tax bill go up nearly $3,500. this evening, president obama telling congress, the american people are watching what we're doing here. he appeared in the briefing room a short time ago. let's go right to jon carl tonight. good evening. >> reporter: good evening, david. there are finally signs of life here in washington. after meeting with congressional leaders here at the white house, the president pronounced himself modestly optimistic that a bipartisan agreement can finally be struck that would prevent taxes from going up on virtually everybody in just four days. >> reporter: aftereeting with the congressional leaders, the president said there would be one more effort to come to a bipartisan agreement to avoid the fiscal cliff. >> the hour for immediate action is here. it is now. and the american people are not going to have any patience for a politically, self-inflicted wound to our economy. >> reporter: there are signs of progress. mitch mcconnell and harry reid have agreed to spend the next 24 hours to work a
the average american household would see their tax bill go up nearly $3,500. this evening, president obama telling congress, the american people are watching what we're doing here. he appeared in the briefing room a short time ago. let's go right to jon carl tonight. good evening. >> reporter: good evening, david. there are finally signs of life here in washington. after meeting with congressional leaders here at the white house, the president pronounced himself modestly optimistic that a...
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Dec 31, 2012
12/12
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CNBC
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remember, we go back -- the bush tax cuts disappear and you add the obama care tax increases. so they're taking the top rate not to 39.6, but to 43.4 for half of all small business income in the country. and people at high income earners of the united states. add to that the 35% corporate income tax and the increases in cap gains. it's a very damaging tax increase that may well be taking effect. >> it's a very difficult position. the members of the gop that have signed your pledge now find themselves in. because either they break the pledge now, which is what appears to be happening, and they acquiesced to these higher tax rates, or we go over the fiscal cliff, or the taxes go higher, and effectively, the democrats could steal your clothes, your political clothes. they could then talk about cutting taxes from those elevated levels. we assume we'll talk about the obama tax cuts and the bush tax cuts, will long since have died. that's a very difficult situation for your guys. >> well, it would be, except the taxpayer protection pledge is not made to me, it's made to the american
remember, we go back -- the bush tax cuts disappear and you add the obama care tax increases. so they're taking the top rate not to 39.6, but to 43.4 for half of all small business income in the country. and people at high income earners of the united states. add to that the 35% corporate income tax and the increases in cap gains. it's a very damaging tax increase that may well be taking effect. >> it's a very difficult position. the members of the gop that have signed your pledge now...
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Dec 26, 2012
12/12
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do you macro look at the obama care taxes as being a headwind? >> sure. it's 3.8% on not marginal income tax rates. it's unearned income. but whether it's medical device tax, a question i was going to have for les is whether he sees any delays. do you see any delays in any of the implementations of these. obviously whether it's in minnesota with respect to the medical device tax, senators are talking about delaying implementation until they study this further. do you see that happening? >> seems unlikely. i mean, i know as an ex-minnesotan that they would love to see this tax go away. i'm not sure that that's in the cards. i think it's a fait accompli. it will take longer than people think leading to chaos. in 2014, states that don't expand to medicaid, it's going to leave people in the hole in 2014. i'm not sure how these people will afford insurance without the subsidies. that's 2014, we'll come back next year and worry about that. >> pharma tech has nothing to do with obama care. >> absolutely not. that's why it's done well, between drugs and interest
do you macro look at the obama care taxes as being a headwind? >> sure. it's 3.8% on not marginal income tax rates. it's unearned income. but whether it's medical device tax, a question i was going to have for les is whether he sees any delays. do you see any delays in any of the implementations of these. obviously whether it's in minnesota with respect to the medical device tax, senators are talking about delaying implementation until they study this further. do you see that happening?...
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Dec 27, 2012
12/12
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president obama is not asking for that much in taxes. it's worth getting a bit of perspective in here. you'll be shocked to know, we got a graph for that. here's what happens if we go over the cliff. you get more than $5 trillion in tax increases off the bat. and now here's what happens if we pass the sainted simpson bowles plan. you've heard of the plan. they have 2.6 trillion in tax increases. president obama's latest offer to john boehner has 1.2 trillion in taxes. that is half as much, less than half than simpson bowles, and less than a quarter of what is in -- simply going over the fiscal cliff. i think the tax increases are too little. they are what they are. and it's something to remember as we reach the edge and you hear a lot of complaints about the tax side of obama's offer. what he's asking for in terms of tax increases is not that radical, it's way less than if we don't reach a deal. contrary to what you may have heard, republicans want to raise taxes too. shocker, right? >> the superficial take on this, the argument between
president obama is not asking for that much in taxes. it's worth getting a bit of perspective in here. you'll be shocked to know, we got a graph for that. here's what happens if we go over the cliff. you get more than $5 trillion in tax increases off the bat. and now here's what happens if we pass the sainted simpson bowles plan. you've heard of the plan. they have 2.6 trillion in tax increases. president obama's latest offer to john boehner has 1.2 trillion in taxes. that is half as much, less...
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Jan 1, 2013
01/13
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they were hoping for the $200,000 tax rate to 250 that president obama campaigned on. hearing that it's going to be higher than that, they are anxious about it. bottom line, the key negotiators in this deal are trying to get it done. >> we'll continue to work on finding smarter ways to cut spending. but let's not let that hold up protecting americans from the tax hike that will take place. we can do this. we must do. this. >> though it is down to the wire. >> it's december the 31st. january 1st is tomorrow. 2013, tax does up. john thune says the senate should have acted months ago to keep the economy going off the fiscal cliff. >> i just find it really hard to sit and listen to people come up now and wring their hands and talk about gee whiz, you know, i really hope we can get something done here in the last day as we put two people together, basically, to resolve. this. >> the two people were senate republican leader mitch mcconnell and vice president joe biden who worked the phones late last night and early this morning after talks between mcconnell and majority lead
they were hoping for the $200,000 tax rate to 250 that president obama campaigned on. hearing that it's going to be higher than that, they are anxious about it. bottom line, the key negotiators in this deal are trying to get it done. >> we'll continue to work on finding smarter ways to cut spending. but let's not let that hold up protecting americans from the tax hike that will take place. we can do this. we must do. this. >> though it is down to the wire. >> it's december the...
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Dec 29, 2012
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so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they're extended by 2020, the bush-era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for those earning less than $250,000 a year. >> we need to stop the job killing tax hikes, and we need to start cutting spending now. >> republicans refuse to play ball. they say no higher rates on the rich, no tax hikes on anyone. based on an ideology that calls for government to be as small as possible. the roots are as old as american politics, but today the philosophy's main spokesman is this man. grover norquist, president of americans for tax reform. norquist's pledge signed by almost all republicans in congress forbid signatories from raising taxes ever under any circumstances. things come to a head in the summer of 2011, republicans demand the government reduce the deficit as a condition for raising the nation's debt ce
so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they're extended by 2020, the bush-era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for those earning less than $250,000 a year. >> we need to stop the job killing tax hikes, and we need to start cutting spending...
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Dec 30, 2012
12/12
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WRC
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doesn't act, then everybody's taxes go up. and for the average family that could mean a loss of $2,000 in income and the whole economy could slow down at a time went economy's actually starting to pick up. >> reporter: he, again, called on lawmakers to strike a deal or hold a vote on his plan, which would raise tax rates on wealthy americans, a major sticking point for republicans. >> the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overriding, unifying theme. >> reporter: after the interview, republican leaders accused the president of assigning blame instead of leading. >> when they say leadership falls on you, mr. president, you don't have a role here in breaking this impasse? you have had a tough go with congress. >> david, at a certain point, if folks can't say yes to good offers, then i also have an obligation to the american people to make sure that the entire burden of deficit reduction doesn't fall on seniors who
doesn't act, then everybody's taxes go up. and for the average family that could mean a loss of $2,000 in income and the whole economy could slow down at a time went economy's actually starting to pick up. >> reporter: he, again, called on lawmakers to strike a deal or hold a vote on his plan, which would raise tax rates on wealthy americans, a major sticking point for republicans. >> the way they're behaving is that their only priority is making sure that tax breaks for the...
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Dec 26, 2012
12/12
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WBAL
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cuts and tax hikes. >>> the war next door. they say the borders are more secure than ever. but look what hidden cameras found on one man's land on this side of the border. drug smuggling, alive and well. >>> and fashion police. as retailers report on the all-important shopping season, we report on a trend you might have missed. just what do these mannequins see in you? "nightly news" begins now. >>> from nbc news world headquarters in new york, this is "nbc nightly news" with brian williams. >> good evening, i'm natalie morales in tonight for brian. and we begin with serious winter weather that is moving east. rain, snow and wind that is snarling a lot of travel plans for those trying to make it home from holiday travels. it is the same storm system that is responsible for at least three deaths and spawned record-setting tornadoes in the south over the past 24 hours. we have it all covered, and we begin with the experts who are always out in the middle of these storms. weather channel meteorologist mike seidel is just outside
cuts and tax hikes. >>> the war next door. they say the borders are more secure than ever. but look what hidden cameras found on one man's land on this side of the border. drug smuggling, alive and well. >>> and fashion police. as retailers report on the all-important shopping season, we report on a trend you might have missed. just what do these mannequins see in you? "nightly news" begins now. >>> from nbc news world headquarters in new york, this is...
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Dec 31, 2012
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why is obama caving on taxes? the article reads in part, the erosion signals not only a major substantive problem in its own right but also raises disturbing questions about obama's ability to handle his entire second-term agenda. do republicans sense a little weakness here, an opportunity? could the president's concession hurt his ability later on to negotiate with the gop? >> no. i think he is doing what needs to be done. unfortunately, this president hasn't operated or led this country like keith's former boss, president clinton, who understood the art of negotiation and actually getting there and rolling up his sleeves and having discussions well before everyone's back is against the wall. i can't believe i'm saying it but i am encouraged to see joe bide nen there and talking with mitch mcconnell. it is good to have the negotiations. they need to in her reference it's better to have them as fred as tear and ginger rogers dancing and discussing issues back and forth as opposed to what we have with thelma and lo
why is obama caving on taxes? the article reads in part, the erosion signals not only a major substantive problem in its own right but also raises disturbing questions about obama's ability to handle his entire second-term agenda. do republicans sense a little weakness here, an opportunity? could the president's concession hurt his ability later on to negotiate with the gop? >> no. i think he is doing what needs to be done. unfortunately, this president hasn't operated or led this country...
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Dec 28, 2012
12/12
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CNBC
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there's a tax on raises over $200,000 a year. a future cap on charitable deductions and among those closely watching president obama and house speaker john boehner for any kind of break through, millions of married couples facing a higher tax burden if we go over the cliff. the bush era tax law eliminated the marriage clause meaning that incomes of couples earning as little as $80,000 would be subject to taxation at the rate of the higher earning spouse. now as far as their wealth preservation strategies, a nationwide survey done by northern trust found high net worth persons, more than 5 million in assets, are much more proactive in anticipating the tax consequences of going over the cliff than those with a million dollars or less in assets. that same survey had 44% of high net worth individuals saying their top priority for the country is economic growth and reducing unemployment versus 19% who are reducing the federal budget deficit. >> all right, hampton. thank you very much. >>> the finance.yahoo.com poll puts you in the sho
there's a tax on raises over $200,000 a year. a future cap on charitable deductions and among those closely watching president obama and house speaker john boehner for any kind of break through, millions of married couples facing a higher tax burden if we go over the cliff. the bush era tax law eliminated the marriage clause meaning that incomes of couples earning as little as $80,000 would be subject to taxation at the rate of the higher earning spouse. now as far as their wealth preservation...
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Dec 26, 2012
12/12
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now just six days until higher taxes for all americans. and tonight, a white house official is placing the burden of not getting a deal on leaders of congress. one official saying the hits from our economy are not coming from outside factors, they're coming from congressional stupidity. some members of congress do return tomorrow. these comments come just as barbara walters prepares for her "nightline" special tonight. her sitdown at the white house with the president and the first lady. tonight here, some rare personal questions answered about their own relationship and their girls. one of whom just got her first cell phone. >> reporter: i want to talk a bit about the girls. we have been rawatching them gr up from little girls to young ladies. now, malia recently got her first cell phone. do you monitor it? and see who she calls or who she texts? >> i give my daughter at this age, i give her a long rope. you know, and there is monitoring, because we have rules, but monitoring may be, you never know when i'm going to walk in your room and
now just six days until higher taxes for all americans. and tonight, a white house official is placing the burden of not getting a deal on leaders of congress. one official saying the hits from our economy are not coming from outside factors, they're coming from congressional stupidity. some members of congress do return tomorrow. these comments come just as barbara walters prepares for her "nightline" special tonight. her sitdown at the white house with the president and the first...
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Dec 27, 2012
12/12
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i think in obama's proposal, he wasn't moving as much on the dividend tax as a compromise but, you know, that never settled at the end of the day. >> all right. enjoy that 4.2% payroll tax rate while it lasts. >> absolutely. >>> up next, freedom of speech with the right to bear arms. that's in the spin cycle. >>> amber and marcy and paul started north carolina based footsteps clothing which had a booming christmas themed pajama line. not wanting to be just a seasonal business, they added other holidays and eventually expanded to products that celebrate family life. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. call... and ask one of our insurance experts about it today. hello?! we believe our customers do their best out there in the world, and we do everything we can to be there for them when they need us. [car alarm blaring] call now and
i think in obama's proposal, he wasn't moving as much on the dividend tax as a compromise but, you know, that never settled at the end of the day. >> all right. enjoy that 4.2% payroll tax rate while it lasts. >> absolutely. >>> up next, freedom of speech with the right to bear arms. that's in the spin cycle. >>> amber and marcy and paul started north carolina based footsteps clothing which had a booming christmas themed pajama line. not wanting to be just a...